Minister: Serbia Eager to Invest in Bulgaria's Belene NPP

Serbia is eagerly expecting a formal proposal on the part of the Bulgarian government to invest in the Belene NPP project, stated Serbian Minister of Energy Petar Skundric.

Speaking in an interview for the Bulgarian National Radio, Skundric said that Serbia gladly accepted Bulgarian PM Boyko Borisov's informal proposal for investment, but hopes to receive a formal letter detailing the full parameters of the intended investment within a month and a half.

Minister Skundric also confirmed information that he has had talks with Chinese financial institutions for the possible support of the Serbian investment, saying that the Chinese parties have expressed some "strong interest" but are again pressing for specific details.

The Serbian energy minister further offered high praise of the South Stream natural gas pipeline project that both Serbia and Bulgaria will participate in, characterizing it as "the greatest strategic energy project" for the two neighboring countries and saying he believes it will give them huge benefits in the mid- and long term.

He further stated he views rival Nabucco pipeline project as less viable than South Stream, given that according to him Nabucco has not secured adequate gas supplies, while South Stream has even more quantities than initially previewed.

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